Sophia Langley

Small businesses in the United States are feeling the pinch from rising health insurance costs. These increases are making it tough for companies to manage their operations and keep employee benefits intact. FireflySci, a company that makes laboratory cuvettes and calibration standards, has reported annual health insurance cost hikes of over $10,000 from its provider, … Read more

The U.S. property and casualty (P&C) insurance industry is celebrating a significant turnaround, reporting an estimated $170 billion in net income for 2024. This figure, released by Verisk and the American Property Casualty Insurance Association (APCIA), marks a notable recovery from previous years, particularly after the industry faced challenges in 2023. Excluding over $70 billion … Read more

New Jersey is taking steps to improve oversight of life insurance companies with new rules aimed at how these insurers handle their reserves for term and universal life policies. The proposed regulations were published on March 17, 2025, and aim to align state practices with national standards set by the National Association of Insurance Commissioners … Read more

Transportation fleets are facing tough challenges as road accidents and serious injuries keep rising. In light of these alarming trends, fleet operators and risk management experts are looking for ways to create safer work environments. They are focusing on building strong safety cultures within their organizations. This effort goes beyond just improving driver safety through … Read more

Texas lawmakers are taking steps to change how prescribed burns are managed in the state. They are considering a new bill that would create a state-run insurance pool specifically for those who conduct these controlled burns. This move aims to provide better liability coverage for burn managers, who play a crucial role in managing vegetation … Read more

Specialty insurance is both exciting and challenging, according to John Vedder, the regional president of property and casualty at Bridge Specialty Group. In a recent conversation, he emphasized the dynamic nature of the industry, highlighting the many opportunities it presents for innovation and problem-solving. Vedder shared insights on the importance of education and collaboration in … Read more

Montana lawmakers are taking a bold step to reshape how the state handles property taxes. A new bill has been introduced that aims to redirect funds from the insurance sector to provide relief for property taxes. This move is expected to stir up discussions among voters and industry professionals alike. The bill, known as LC … Read more

Arbella Mutual Insurance Co. is staying true to its independent agent model, even as it faces challenges like changing laws and climate issues. Paul Brady, the new CEO, emphasized this commitment during his recent announcement. He plans to invest in technology and data science to help the company grow in New England. Brady, who has … Read more

Georgia’s Insurance and Safety Fire Commissioner, John King, recently informed state lawmakers about his office’s authority to review agreements between insurers, their affiliates, and holding companies. This announcement came in response to a request from State Senator Nabilah Islam Parkes, who was seeking clarity on the relationships between insurers and their affiliates, including managing general … Read more

The natural disaster protection gap is widening rapidly, now reaching $180 billion, according to a recent report from Zurich’s chief strategy officer, Paolo Mantero. This alarming increase of 65% over the past five years is largely attributed to the impacts of climate change. Mantero shared these insights during a keynote address at the Insurtech Insights … Read more